Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of traditional Chinese medicine (TCM) hospitals has accelerated in recent years. In 2013, revenue for this industry is expected to increase to $29.6 billion, up 12.8% from 2012 and representing annualized growth of 18.1% from 2008.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is expected to rise from 0.9% in 2007 to an estimated 5.1% in 2013. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 2,930 traditional Chinese medicine hospitals in China, with 196 beds each on average.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
After years of slow development, the Traditional Chinese Medicine Hospital industry in China has accelerated its development. From 2008 to 2018, value-added for this industry is expected to increase at annualized rate of 13.7%, higher than China's GDP growth during the same period of about 8.0%.
Traditional Chinese medicine is playing an increasing role in disease prevention and treatment. Recent healthcare reform has encouraged the development of traditional Chinese medicine (TCM) and the Chinese government has increased the fiscal allowance to TCM hospitals. Additionally, the government's twelfth five-year plan supports the development of traditional Chinese medicine and TCM hospitals... purchase to read more